Reliance Nippon Life gets Sebi nod for Rs.2,000-crore IPO
Reliance Nippon Life Asset Management Ltd has received the in principle approval from Sebi for its estimated Rs 2,000 crore initial public offer. The Anil Ambani-led Reliance Group firms IPO…
National Insurance Company seeks IPO nod from IRDA
National Insurance Co. Ltd has sought permission from IRDA for its maidan IPO for a share sale that may value the company at Rs 25,000 crore. The company has approached…
BUILDING A ROBUST AND RESILIENT INSURANCE OMBUDSMAN SYSTEM
The concept of Ombudsman began in Sweden where an independent executive was appointed by the government to look into the disputed matters of the citizens. Generally ombudsman is a person…
SUSTAINABILITY & FEASIBILITY OF COMMON SERVICE CENTERS IN INDIA
Life and non-life insurers are now marketing some categories of their retail products through common service centres network of CSC e-Governance Services India Ltd. The Insurance Regulatory and Development Authority…
Saudi Arabia Develops Stronger Capital Rules for Insurers
Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two…
ON OVERVIEW OF UNIVERSAL LIFE INSURANCE POLICY
Introduction Life Insurance provides financial security to the insured’s dependents or loved ones, if something were to happen to insured unexpectedly. There are lots of plans available in life insurance,…
Swiss Re estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion…
Inclusion of Indemnity based Health Insurance Product through PoS – General Insurers and Standalone Health Insurers
The Authority has received requests from many insurers to allow indemnity based health insurance products to be sold through Point of Sale (POS). On examination of the request made, the…
Dutch Insurer Aegon eyes new acquisitions
Aegon NV, the Dutch insurer which generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid…
Government appoints retired officials on public insurer’s boards
The Central government has inducted some retired officials from the public sector insurance companies into the boards of Life Insurance Corporation, New India Assurance (NIA), National Insurance Company, United Insurance…